Analysis of $IMX Coin Daily Frame

IMX is currently trading around 0.23$ within a clear downward trend with continued formation of lower highs and lows.

The price is below strong supply zones, and all recent rebound attempts have been weak and faced quick selling.

The RSI indicator is in low areas and is moving sideways, indicating continued selling pressure until real buying strength appears.

🎯 Positive Scenario (Rise)

In case of stabilizing above 0.30$

🎯 Targets: 0.34$ – 0.38$ – 0.45$

❌ Negative Scenario (Drop)

In case of breaking 0.22$ with a daily close

🎯 Targets: 0.20$ – 0.18$ – 0.16$

📌 It's preferable to wait for a daily candle close for confirmation before any entry.

⚠️ Disclaimer: This analysis is for educational purposes only and does not represent financial advice.